Global Electronic Design Automation (EDA) Market Accelerates with a 7.2% CAGR, Expected to Reach $17.8 Billion by 2030

According to a new report published by MarkWide Research, titled, “Global Electronic Design Automation (EDA) Market,” the global market for electronic design automation (EDA) is accelerating with significant growth projected over the forecast period. With an anticipated compound annual growth rate (CAGR) of 7.2%, the market is expected to reach $17.8 billion by 2030.

The EDA market’s growth can be attributed to several key factors:

1. Semiconductor Industry Expansion: The semiconductor industry’s continuous growth drives the demand for advanced EDA tools for chip design.

2. Complex Integrated Circuits: The development of complex integrated circuits necessitates sophisticated EDA solutions.

3. IoT and AI Technologies: Emerging technologies like IoT and AI require customized chip designs, boosting EDA adoption.

4. Miniaturization: Shrinking electronic devices require innovative EDA tools for efficient design.

5. Faster Time-to-Market: EDA tools streamline the product development process, reducing time-to-market.

6. Cloud-Based EDA: The adoption of cloud-based EDA solutions enhances accessibility and collaboration.

MarkWide Research’s report provides comprehensive insights into the global electronic design automation (EDA) market, including market size, segmentation by type (e.g., CAE, SIP, PCB), application (e.g., automotive, consumer electronics), and regional analysis. The report also profiles key players in the industry and highlights their strategies for market expansion.

In conclusion, the global electronic design automation (EDA) market is accelerating, driven by semiconductor industry growth, the demand for complex integrated circuits, emerging technologies, miniaturization trends, faster time-to-market requirements, and the adoption of cloud-based EDA solutions. As technology continues to advance, the market for EDA tools is expected to experience significant growth.